Obama Administration Extends MHA, HAMP Modification Programs Through 2015

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Posted To: MND NewsWire

The Obama Administration has extended its Making Home Affordable (MHA) program through December 2015. The action, taken Thursday brings that program into line with new expiration dates announced earlier for the Home Affordable Refinance Program ( HARP ) and the Streamlined Modification Initiative for homeowners with mortgages owned or guaranteed by Fannie Mae and Freddie Mac (the GSEs). MHA is run jointly by the Departments of Treasury and Housing and Urban Development. A number of foreclosure prevention programs operate under its aegis including the Home Affordable Modification Program ( HAMP ), 2MP second lien modification program, Principal Reduction Alternative Program (PRA) and Home Affordable Foreclosure Alternatives (HAFA) program. MHA programs were originally scheduled to sunset on...(read more)

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Source: http://www.mortgagenewsdaily.com/05302013_mha_hamp.asp

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